Exceptional lot of eight different Confederate bonds, ranging in size from 13.5 x 9.75 to 14 x 17, each boasting pictorially stunning vignettes and most of the original coupons still attached. The Confederacy raised some of its operating capitol via the sale of bonds, which normally were of 20 or 30 years duration. Coupons were attached, and upon the date specified on the coupon it was to be clipped out and turned in for a cash redemption. When fully redeemed the bond yielded a certain amount of interest over and above the original purchase price, which varied somewhat. There were also short-term bonds which matured sooner. Of course, those who invested in these bonds lost all remaining monies due when the Confederacy collapse as they were then worthless (as was Confederate paper currency). This gave birth to the phrase "The South will rise again," uttered by those who fondly believed they would, someday, get their money. In fine condition, with scattered light toning, soiling, creasing and wrinkling. RRAuction COA.
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